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Paris Visitor & Convention Council
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For 1 Month Ended May 31, 2024 and 2023 and 8 Months Ended May 31, 2023
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in financial statements prepared in accordance with the modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />1 Month Ended
<br />1 Month Ended
<br />1 Month Ended
<br />8 Months Ended
<br />May 31, 2024
<br />May 31, 2024
<br />May 31, 2023
<br />May 31, 2023
<br />Actual
<br />Budget
<br />Actual
<br />Actual
<br />REVENUE
<br />Hotel I Motel Occupancy Tax
<br />$ 232,683.72
<br />$ 212,500.00
<br />$ 212,263.46
<br />$ 667,325.00
<br />Hot Money Interest354.44
<br />��.
<br />83.0 0
<br />.._.
<br />13.80
<br />2,687.64
<br />Total Revenue
<br />_ 233 038.16
<br />212,583.00
<br />212,277.26
<br />670 012.64
<br />OPERATING EXPENSES
<br />Postage
<br />9.44
<br />10.00
<br />29.05
<br />96.17
<br />Misc Expenses
<br />1,356.00
<br />0.00
<br />60.96
<br />133.56
<br />General Liability
<br />2,000.00
<br />2,000.00
<br />0.00
<br />0.00
<br />D & O Insurance
<br />0.00
<br />0.00
<br />0.00
<br />1,559.67
<br />Worker's Comp
<br />0.00
<br />0.00
<br />0.00
<br />599.85
<br />Staff Ins./Retirement
<br />573.43
<br />767.00
<br />634.11
<br />4,592.55
<br />Meetings & Hosting
<br />0.00
<br />0.00
<br />0.00
<br />248.43
<br />Chamber Management
<br />12,500.00
<br />12,500.00
<br />12,500.00
<br />37,500.00
<br />Out of Town Travel
<br />63.08
<br />65.00
<br />12.29
<br />2,173.98
<br />Intown Auto/Exp Allowance
<br />200.00
<br />250.00
<br />200.00
<br />1,600.00
<br />Membership Dues/Sub.
<br />0.00
<br />0.00
<br />0.00
<br />2,310.00
<br />Bookkeeping
<br />797.92
<br />583.00
<br />956.75
<br />4,652.58
<br />Payroll Expenses
<br />7,276.76
<br />7,333.00
<br />7,134.78
<br />57,217.03
<br />Payroll Tax Expense
<br />551.50
<br />577.00
<br />540.64
<br />4,419.99
<br />Office Expense
<br />289.43
<br />300.00
<br />618.07
<br />2,103.43
<br />Communications
<br />366.96
<br />333.00
<br />223.47
<br />2,484.10
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />3,500.00
<br />Bank Service Charge
<br />58.05
<br />42.00
<br />12.46
<br />72.14
<br />Motel Tax Transferred to LCC
<br />116,341.86
<br />106,250.00
<br />106,131.73
<br />333,662.51
<br />Marketing I Advertising
<br />2,000.00
<br />2,000.00
<br />9,697.50
<br />34,550.85
<br />Chaparral Square Dancers
<br />0.00
<br />0.00
<br />0.00
<br />(172.50)
<br />Tour de Paris Exp
<br />1,319.81
<br />1,500.00
<br />642.22
<br />1,123.17
<br />ASA
<br />2,121.65
<br />2,100.00
<br />3,271.00
<br />3,271.00
<br />ASA Indoor Archery Event Exp
<br />0.00
<br />0.00
<br />0.00
<br />1,478.13
<br />TMBRA Bicycle Race Exp
<br />0.00
<br />0.00
<br />791.00
<br />14,315.75
<br />Red Bull Qualifier Exp
<br />0.00
<br />0.00
<br />1,756.72
<br />3,322.96
<br />Pump Track Event
<br />0.00
<br />0.00
<br />995.31
<br />995.31
<br />Branding Discovery
<br />0.00
<br />0.00
<br />0.00
<br />3,083.33
<br />Jettribe Expense
<br />9,700.00
<br />10,000.00
<br />143.00
<br />143.00
<br />Eclipse Expense
<br />56.78
<br />0.00
<br />0.00
<br />0.00
<br />Events Promotion / Funding
<br />5,950.00
<br />6,000.00
<br />13,324.50
<br />42,772.74
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />Rent to COC
<br />1 000.00
<br />1,000.00
<br />- 1 000.00
<br />._ 8,000.00
<br />Total Operating Expenses
<br />1�84,SS?.87
<br />153,610.00
<br />.56
<br />__160�_ 67 „5__
<br />578„809.73
<br />Operating Income (Loss)
<br />68,505.49
<br />58,973.00
<br />51,601.70
<br />91,202.91
<br />NOT -HOT INCOME
<br />Trolley / Historical
<br />300.00
<br />0.00
<br />600.00
<br />8,000.00
<br />Tour de Paris Income
<br />1,575.00
<br />30.00
<br />5,955.00
<br />28,470.00
<br />ASA Indoor Archery Event
<br />0.00
<br />0.00
<br />0.00
<br />1,250.00
<br />TMBRA Bicycle Race
<br />0.00
<br />0.00
<br />0.00
<br />17,830.00
<br />Pump Track Event Income
<br />0.00
<br />0.00
<br />0.00
<br />5,600.00
<br />Jettribe
<br />0.00
<br />0.00
<br />200.00
<br />200.00
<br />Souvenir Sales
<br />159.77
<br />0.00
<br />163.62
<br />2,220.05
<br />Interest Income156..
<br />_ 96
<br />.,.. 83.00
<br />w, ..__._
<br />� .... 202.33
<br />. ,198.88
<br />1 ..m..._
<br />Total Other Income7,120.95
<br />... 2,191.73
<br />.. 113.00
<br />.��
<br />64 768.93
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in financial statements prepared in accordance with the modified cash basis of
<br />accounting are omitted and no assurance is provided
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